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Nov 30, 2012
11/12
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sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he saw the light at the end of the tunnel. but it was most like lit light of an on-coming train. those days are gladly behind us. i suspect the toll tells a story that it goes down the fiscal cliff monday. every day is fiscal cliff tuesday, wednesday, thursday. you get the picture. anyway, you should pull the trigger here to buy it here if the fiscal cliff does what i'm afraid of. brown foreman reports wednesday. this is an interesting one. why? because goldman downgraded it to sell. just last night. i've seen this movie. they were wrong last time. they'll be wrong again. i'
sandy may have been the singest biggest car destroyer since katrina. or maybe more, given the fact that so many imparted cars were damaged near the cox of the region's rivers. tuesday morning we hear from the brothers toll. here's the best home builder in the country go. ing to tell you the story of the boom. if you remember there was a time when bob toll of toll brothers and eagles fan came on "mad money" during what turned out to be the early part of the housing collapse. he said he...
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Nov 30, 2012
11/12
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FBC
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usg was heavily bought right after hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as opposed to different prices to different customers. david: now you have a defensive pick. if you're less certain about the continued economic recovery you would pick fortune brands home and security. why? >> yes, sir. fortune brands is market share leader in plumbing. market share leader in the cabinet business. huge exposure to new residential construction. if they get higher volumes, that will drive profitability. have ex-streamly high quality management team. the best in class operator. we like their dominant dogs in the categories they operate. look for continued share gains and extremely robust earnings
usg was heavily bought right after hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as...
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and isn't it interesting that bloomberg had truckloads of mountain dew and jerry no shipped into the sandy relief fund area to give these people bunch of processed garbage snacks that do nothing for nutritional value by bloomberg house foreman false food his corporation had fun filled with free junk for every employee within weeks workers piled on the pounds in the seventeen l sodas sixty a hot dogs in ten minutes isn't just good is patriotic. d.n.a. a little writes the stone on us by our forefathers life liberty and the pursuit of happiness for the contestants assembled here that pursuit includes consuming as many hot dogs as is humanly possible elected politicians putting whole dogs over health fattening both some lines instead of trimming americans this is the truth seeker. it's evening it's. just nice. to. see. parents versus social workers stuck in nabbing pm last stop giggling and me being that damn good many children have become prizes to fight full why does the last threaten families of the social for it to seem in the form of they have a right of will hold minimal me faith in what
and isn't it interesting that bloomberg had truckloads of mountain dew and jerry no shipped into the sandy relief fund area to give these people bunch of processed garbage snacks that do nothing for nutritional value by bloomberg house foreman false food his corporation had fun filled with free junk for every employee within weeks workers piled on the pounds in the seventeen l sodas sixty a hot dogs in ten minutes isn't just good is patriotic. d.n.a. a little writes the stone on us by our...
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Nov 30, 2012
11/12
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CNNW
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and these are people who say staten island looks the same now as it did a few days after sandy. what is fema doing right there now? where is the money going? >> we have a lot of people on the ground in staten island and, first and foremost, you know, people -- you know, this storm hurt a lot of people. they have a right to be angry about that. but the important thing is to realize that we're there, and we're not leaving until we get it done. we have put into the community, into the new york community over $718 million in 30 days. we're getting the money to the people. but it's not enough. we have got to do more. we have got to continue to work with them. >> well, i think absolutely. i think most people would agree with that. the people at these meetings, at this meeting, they jeered when promised air quality is safe. you heard it in the story there. and we're hearing reports of breathing problems and skin irritations. how is fema addressing the health concerns? >> well, we work with the local officials, with the city health department, the state department of health and we'll br
and these are people who say staten island looks the same now as it did a few days after sandy. what is fema doing right there now? where is the money going? >> we have a lot of people on the ground in staten island and, first and foremost, you know, people -- you know, this storm hurt a lot of people. they have a right to be angry about that. but the important thing is to realize that we're there, and we're not leaving until we get it done. we have put into the community, into the new...
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Nov 30, 2012
11/12
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FOXNEWSW
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they lost everything in superstorm sandy. now people in staten island are getting major boost. a secret santa visiting them and handing out hundred dollar bills. more on that coming up. >>> also an anchor over on msnbc portraying senator john mccain as a racist for his criticism of u.n. ambassador susan rice. our news watch team, judith miller and kirsten powers, next with more thoughts on that. jenna: there it is, sorry about that. we're getting breaking news out of casper, wyoming, there's a community college there, casper college, and the lotters indicate that -- reports indicate there was a shooting on campus. one dead, one wounded according to local reports. a college spokesperson saying at the time that he believes, according to what from police, that the shooter is dead. we're still trying to work out, again, some of these new reports just into the newsroom of one dead, one wounded at this community college in casper, wyoming. as we hear more, we will bring you this breaking news. jon? jon: new questions out there, jenna, about racism after a television anchor goes on a
they lost everything in superstorm sandy. now people in staten island are getting major boost. a secret santa visiting them and handing out hundred dollar bills. more on that coming up. >>> also an anchor over on msnbc portraying senator john mccain as a racist for his criticism of u.n. ambassador susan rice. our news watch team, judith miller and kirsten powers, next with more thoughts on that. jenna: there it is, sorry about that. we're getting breaking news out of casper, wyoming,...
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Nov 30, 2012
11/12
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FBC
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superstorm sandy caused billions of dollars worth of damage. president obama promised to help but presidents of staten island, new york city are not getting it. elizabeth macdonald has been reporting from that area since sandy hit, even volunteering her time to help the recovery. we get a reaction to this in just a moment. looked at this. >> i guess you don't want to have to be. >> we are totally lost. we cannot go nowhere. i don't know what is going on here. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. but when i was in an accident... break from the holiday stress. i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. at's health in numbers. unitedhealthcare. >> going around in circles, everyone of these people here -- >> [shouting] stuart: clearly angry residents in
superstorm sandy caused billions of dollars worth of damage. president obama promised to help but presidents of staten island, new york city are not getting it. elizabeth macdonald has been reporting from that area since sandy hit, even volunteering her time to help the recovery. we get a reaction to this in just a moment. looked at this. >> i guess you don't want to have to be. >> we are totally lost. we cannot go nowhere. i don't know what is going on here. that's right. i've...
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Nov 30, 2012
11/12
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these numbers were thrown off by sandy. at this point i think wall street is easing into friday. chris, back to you. >> maybe they're just happy it's friday, becky. >> reporter: i am. >>> well, it didn't take long for republicans to reject the president's proposed solution to the fiscal cliff crisis. now harry reid says it's the republicans turn to put out their own plan. with me now tennessee republican congresswoman diane black who is a member of both the budget and ways and means committees. congresswoman, thank you for joining me. we had some reporting earlier that said don't expect any public counter prproposal from republicans. can i ask you why not? >> well, i think, chris, that you can just look at what we did before the election. actually the medicare is what we put the plan out for and we also have a plan out there to avert the fiscal cliff and sequestration. our plans are already there. and we're just waiting for the president to come out with a plan. everything we're hearing is so one-sided. it's all about taxes and now he's telling us he wants to spend $1.6 trillion
these numbers were thrown off by sandy. at this point i think wall street is easing into friday. chris, back to you. >> maybe they're just happy it's friday, becky. >> reporter: i am. >>> well, it didn't take long for republicans to reject the president's proposed solution to the fiscal cliff crisis. now harry reid says it's the republicans turn to put out their own plan. with me now tennessee republican congresswoman diane black who is a member of both the budget and ways...
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Nov 30, 2012
11/12
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CNBC
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they did site sandy. what is interesting about the action, down about 7% is what the analysts are saying. credit suisse reduced their price target from 25 to $23 and say neutral but carries and company retains their buy rating with a $47 price tarpgt they took it down to 40. so obviously they still see huge upside in this company even though it's down 6.5% and their guidance is down. back to you. >> all right. thanks so much. let's get to rick santelli in chicago. he is in the pits of the cme with jim bianco. rick? >> absolutely. always an interesting guest. welcome, jim. i guess let's start out, you know, if i go back to october 26th when gdp from third quarter had its flash and it was 2%, the market was down close to ten basis points. they weren't satisfied with it even though it was better than everybody thought. so yesterday we get an upgrade to 2.7 and what happens? the market doesn't do anything to the down side reflecting that strength. so i think the market is smart. what do you think? >> i do too
they did site sandy. what is interesting about the action, down about 7% is what the analysts are saying. credit suisse reduced their price target from 25 to $23 and say neutral but carries and company retains their buy rating with a $47 price tarpgt they took it down to 40. so obviously they still see huge upside in this company even though it's down 6.5% and their guidance is down. back to you. >> all right. thanks so much. let's get to rick santelli in chicago. he is in the pits of the...
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Nov 30, 2012
11/12
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these are victims of superstorm sandy. why they are mad and who they are demanding answers from now. melissa: you sit there. you guys are a joke. you guys are a joke. you go home for the holidays. i don't. but you sit there with a smug smile. you know what i wish it was election, it if it was election time you would be worried about the election and not about the people. time to get up and fight for the people. [applause] , remember -- you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. bill: well the tempers, they certainly flared. this town hall meeting for hurricane super sandy victims in staten island, new york. that room packed with several hundred people. they all lost th
these are victims of superstorm sandy. why they are mad and who they are demanding answers from now. melissa: you sit there. you guys are a joke. you guys are a joke. you go home for the holidays. i don't. but you sit there with a smug smile. you know what i wish it was election, it if it was election time you would be worried about the election and not about the people. time to get up and fight for the people. [applause] , remember -- you can stay in and like something... or you can get out...
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Nov 30, 2012
11/12
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CURRENT
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it turns out that we know not just hurricane sandy. it was a pretty big season. jack bevins is with the hurricane watch service, national hurricane center. thank you. >> we are expecting a fairly active year. it may have been in terms of the named storms a little bit more active than what we were expecting. >> and he gives us the full court. >> we get 19 main storms during the year 10 of which became hurricanes. at the present time, we know that one of these hurricanes is actually a major hurricane, category 3 or higher. >> bill: you know what's funny? i don't remember, the only one i remember is sandy. right? but 19 of them this year. have you seen more that could be related to global warming. >> the scientists tell us that there is going to be an increase because of global warming in the number and in the severity of hurricanes. now, we can't look at one hurricane event and say, this is a result of climate change, but what you can absolutely demonstrate is that climate change and global warming is leading to more hurricanes action more severe storms and as a re
it turns out that we know not just hurricane sandy. it was a pretty big season. jack bevins is with the hurricane watch service, national hurricane center. thank you. >> we are expecting a fairly active year. it may have been in terms of the named storms a little bit more active than what we were expecting. >> and he gives us the full court. >> we get 19 main storms during the year 10 of which became hurricanes. at the present time, we know that one of these hurricanes is...
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Nov 30, 2012
11/12
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and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. also, you know, with the election people focused on that. you know. so the first two weeks are weak. last two weeks seem to come back and be fairly decent. >> so you think that for the holiday shopping season, that the -- better trend will continue? where d
and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are...
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Nov 30, 2012
11/12
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as expected, initial unemployment claims surged after hurricane sandy devastated parts of the northeast. but today's numbers, from the department of labor, show the second straight week of decline. evidence of steady improvement in the labor market. the good news keeps on coming. the commerce department reports economic growth of the third quarter was actually better than first reported. the initial estimate had a gdp growth of just 2%. this morning the commerce department revised its estimates to show growth of 2.7%. that's the best gdp figure since the end of 2011 and the second best of the last three years. so things are looking up. president obama has an improving economy on his hands in spite of all the do-nothing congress that's going on in washington. anyone who still thinks that the term "do-nothing congress" is just a little too harsh, take a look at this. 906 bills were passed from january 1947 through december of 1948. by the body that president harry truman listed and labeled as the do-nothing congress. the current congress with one month to go has passed 196 bills. by far t
as expected, initial unemployment claims surged after hurricane sandy devastated parts of the northeast. but today's numbers, from the department of labor, show the second straight week of decline. evidence of steady improvement in the labor market. the good news keeps on coming. the commerce department reports economic growth of the third quarter was actually better than first reported. the initial estimate had a gdp growth of just 2%. this morning the commerce department revised its estimates...
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Nov 30, 2012
11/12
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KQED
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the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be taxed like regular income, meaning they could go up to over 40% for some high-income households. we spoke with larry mendelson, the chairman and c.e.o. at avionics gear maker heico, which announced its own special dividend this week. larry, thank you for joining us, we appreciate it. what role did the fiscal cliff play in heico decision to paid fiscal dividend. >> i think the fiscal cliff was very important. and moreover the threat to increase taxes in 2013, ta
the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for...
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Nov 29, 2012
11/12
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FBC
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hurricane sandy devastated a lot of families in our hearts go out to them. a lot are coming back, during the holiday shopping in november and hopefully into december. liz: i actually went and i actually bought stuff. is this old stuff, and the breaking news comes when they are expanding at a pretty decent bid read closer to the d.c. area, is it real demand for a oa land grab? >> because of the strength of the balance sheet, it allows us to expand rapidly when times are more difficult and other people can't get financing. it is a world-class development, only 8 miles from the washington monument. the closest retail that we can develop to the washington, d.c. we expect to get as many as the 15 million coming to washington and another 50 million or so coming today to visit the gaylord hotel, the many restaurants and attractions already at national harbor. liz: people are driving to see the tourist attractions and we stopped to see you. a joint venture with simon properties. a competitor in certain realms. why are you doing that? >> we have two sites were announ
hurricane sandy devastated a lot of families in our hearts go out to them. a lot are coming back, during the holiday shopping in november and hopefully into december. liz: i actually went and i actually bought stuff. is this old stuff, and the breaking news comes when they are expanding at a pretty decent bid read closer to the d.c. area, is it real demand for a oa land grab? >> because of the strength of the balance sheet, it allows us to expand rapidly when times are more difficult and...
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Nov 29, 2012
11/12
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CNBC
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the question is, though, is it all sandy related? let's bring in herb greenberg and jan nippon. jan, it is so easy to blame the weather but in this case, is it justified? >> well, the weather was a problem and the long calendar is a problem. i think the weather was less of a story than the long calendar. when you put two extra selling days in front of christmas in december, it has to come out of somewhere. it will come out of early december, but if only one-third of it even comes out of november, it's about a 400 basis point hit to sales. so i think most of what we're seeing here is early november had two warm of weather in one-third of the country, a great hurricane in one-quarter of the country and the consumer said i got plenty of time, i don't have to really go out and spend so we had a really slow front end of the month. we'll get a lot of that back in december. i'm still predicting a great christmas. >> we have two themes on this show -- panic now or everything's fine. which one is it for retail? >> everything's fine. >> it's a "rise above" pin. >> do these drops in the sh
the question is, though, is it all sandy related? let's bring in herb greenberg and jan nippon. jan, it is so easy to blame the weather but in this case, is it justified? >> well, the weather was a problem and the long calendar is a problem. i think the weather was less of a story than the long calendar. when you put two extra selling days in front of christmas in december, it has to come out of somewhere. it will come out of early december, but if only one-third of it even comes out of...
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Nov 29, 2012
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noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward provision. about 2%, but if you look under the hood there are some serious problems and i will let you start there. >> a little bit of fine print. consumer spending was revised lower, business investment in equipment and software. for the upward revision was due to a lot more inventory being accumulated last quarter, partly due to a faster pace of economic activity. not the strengthening in the number we would like to see. lori: does it suggest go to the softening consumer picture, people are not buying stuff simply put question marks >> there is a wait-and-see attitude. not only f
noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward...
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Nov 29, 2012
11/12
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CNBC
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hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came out with very dovish comments. he las
hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect...
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Nov 29, 2012
11/12
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CSPAN
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speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of fiscal restraint and global warming, it's high time that we start this conversation in earnest. how big do you want your fema to be? how generous your disaster relief payments and how much do you want to pay for it? in today's "new york times" op-ed section, there's an article that points out potential liability for flood insurance alone is $1.25 trillion. second only to the liability for social security. right now we have arguably the worst of both worlds. the federal government responds to disaster usually paying too much for the wrong people to do the wrong things. we provide federal money to put people back in harm's way and sometimes provide infrastructure to make future risky development worse. we often take remedial action, like for theifying beaches, a temporary solution, that can actually accelerate erosion elsewhere, shift storm damage down the coast t
speaker, mitt romney weathered a storm of criticism late in the campaign after hurricane sandy for his earlier comments about privatizing fema and turning responsibility back to state and local governments. but during an era of fiscal restraint and global warming, it's high time that we start this conversation in earnest. how big do you want your fema to be? how generous your disaster relief payments and how much do you want to pay for it? in today's "new york times" op-ed section,...
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Nov 29, 2012
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i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why mil
i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible...
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Nov 29, 2012
11/12
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the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into
the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal...
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Nov 29, 2012
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FOXNEWSW
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>> definitely super storm sandy. i would drive into a tornado any day. we're building a third vehicle. >> brian: how much would to cost right now? >> for the dom? it runs low right now. >> steve: we're going to continue the conversation with him in the after the show show. see you back here tomorrow. so long, everybody. >> it's time for the president and democrats to get serious about the spending problem that our country has. bill: peter doocy is live, was there movement overnight? >> it sounds like things might be stuck. a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> w
>> definitely super storm sandy. i would drive into a tornado any day. we're building a third vehicle. >> brian: how much would to cost right now? >> for the dom? it runs low right now. >> steve: we're going to continue the conversation with him in the after the show show. see you back here tomorrow. so long, everybody. >> it's time for the president and democrats to get serious about the spending problem that our country has. bill: peter doocy is live, was there...
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Nov 29, 2012
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on capitol hill, the senate if i'm and public works committee will convene a hearing on hurricane sandy and its impact on local communities with testimony from congressional members who represent the hardest hit areas in new jersey, new york and rhode island. i would be live at 9:30 a.m. eastern. you can see that on c-span3. later, the house oversight and reform committee on rising autism rates. according to a study published monday in the archives of general psychiatry, exposure to air pollution during pregnancy may increase the likelihood of a child developing autism. that hearing will be live starting at 2 p.m. eastern, also on c-span3. here on c-span2, the u.s. senate gavels in and about half an hour at 9:30 a.m. eastern. they are expected to continue working on the 2013 defense programs policy bill, possible debate on 100th a minute and "roll call" votes happening throughout the day. senate lawmakers also continuing work on the floor on the fiscal cliff. majority whip senator dick durbin spoke about bipartisan negotiations to try to avoid the fiscal cliff at an event earlier this w
on capitol hill, the senate if i'm and public works committee will convene a hearing on hurricane sandy and its impact on local communities with testimony from congressional members who represent the hardest hit areas in new jersey, new york and rhode island. i would be live at 9:30 a.m. eastern. you can see that on c-span3. later, the house oversight and reform committee on rising autism rates. according to a study published monday in the archives of general psychiatry, exposure to air...
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Nov 29, 2012
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., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his state. insurance giant allstate predicts it will lose 1 billion dollars in catastrophe costs in october, mostly due to sandy. bp is getting a slap on the wrist from the government. the enviornmental protection agency will temporarily suspend the company from opening new contracts. following the 2010 deepwater horizon spill, the epa says bp acted with a "lack of business integrity." it will not impact bp's current contracts. earlier this month, bp pled guilty to charges connected to the 2010 deepwater horizon spill and was slapped with a $4.5 billion fine.
., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his...
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. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll have gene ludwig. he will be our special guest. also at the bottom of the h
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant...
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there is a sandy rainbow. that is a three day laser show. 7 beams are pointed in the hardest hit areas including staten island and the rock away and queens . what a great idea. >> steve: very nice. we have headlines. >> brian: how do you know. >> steve: it is in the teler. a man in ohio getting the mooks mum punishment for bullying a young girl with cerebral palsy. he was recorded on cell phone video making fun of how the 10 year old walks. >> any time she sees him out of the window. and he's still does the intimidation not to the full extent but he does it. >> steve: that's not good. >> he apologized to the family. >> brian: mark your calendar. casey anthony made for tv movie. it is imperfect justice . it will be told mostly through the eyes of the lawyers in the case. actress virgia welch is cast to play anthony. we are told that she makes only a few brief appearances in the film. >> gretchen: i wonder if they will do that google search for pool proof strangulation . 85 percent of all couches conain toxic ch
there is a sandy rainbow. that is a three day laser show. 7 beams are pointed in the hardest hit areas including staten island and the rock away and queens . what a great idea. >> steve: very nice. we have headlines. >> brian: how do you know. >> steve: it is in the teler. a man in ohio getting the mooks mum punishment for bullying a young girl with cerebral palsy. he was recorded on cell phone video making fun of how the 10 year old walks. >> any time she sees him out...
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Nov 29, 2012
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but we still don't know the impact of sandy. let's face it, you guys have been talking about it all day. it seems that john boehner smiles and people buy a million shares of ibm right now. yesterday we were down about 100 points before boehner came out and spoke. i know on "morning joe" you talked about maybe he's a little less optimistic. mabel the phone conversation with obama was a little more terse. we went from being down 100 to up 100. we haven't had that kind of swing in over a year. we are laser focused on d.c. and those negotiations as usual. >> brian brings up 2.7 number, steve rattner. i guess you look at the numbers and you compare them to where we were at points in the '80s, the '90s, even 2004, 2005. it may not look good. compare that number to the rest of the world, suddenly the u.s. economy is looking pretty damn good by comparison to other countries. >> it actually feels like the economy is gathering steam. these kind of revisions help you feel that way. sandy is an aberration in the unemployment numbers as bria
but we still don't know the impact of sandy. let's face it, you guys have been talking about it all day. it seems that john boehner smiles and people buy a million shares of ibm right now. yesterday we were down about 100 points before boehner came out and spoke. i know on "morning joe" you talked about maybe he's a little less optimistic. mabel the phone conversation with obama was a little more terse. we went from being down 100 to up 100. we haven't had that kind of swing in over a...
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okay you could make a case he handled sandy well but what else? our pal carl rove on the person of the year list. why? also cy on the list. we dealt with him yesterday. you know what? i'm voting for cia. he is my guy. i want him to be person of the year because that would send "time" magazine a message stop screwing around. if barack obama doesn't win person of the year i will be surprised. yes "time" nominated mitt romney but he he has no chance. neither does hillary clinton who is somewhat responsible for the libyan mess. bill clinton is on the list. i would vote for jay-z over the president. no to bill clinton sea brilliant man. why would he be person of the year? for what. you can see we are living in a very shallow time in america. pardon the pun. truth is, we have very few dynamic leaders in this country where is abe lincoln when we need him. like 1860 america is a divided nation there is a culture war raging. we need a person to bring us together to solve complicated problems and stop all the nonsense. lincoln could have done it. republic--
okay you could make a case he handled sandy well but what else? our pal carl rove on the person of the year list. why? also cy on the list. we dealt with him yesterday. you know what? i'm voting for cia. he is my guy. i want him to be person of the year because that would send "time" magazine a message stop screwing around. if barack obama doesn't win person of the year i will be surprised. yes "time" nominated mitt romney but he he has no chance. neither does hillary...
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Nov 29, 2012
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any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt retailers' bottom lines? >> that's the question. this year discounts were so heavy. so is black friday really turning in to red friday. typically it signifies the beginning of when retailers start making money. but you saw that the promotions were crazy. there were televisions at best buy for under $200. that was a 50% discount. walmart was guaranteeing in stock on ipad 2s giving away a $75 gift certificate. so the question is are they just giving away sales here. >> and that will be something to watch when we he get those figures, too, whether it reflects discounting as much as it does v
any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt...
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Nov 29, 2012
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pre-sandy or post-sandy. there was a set of voters who were yet to make the decision, and they allocated the way we thought they were going to. sandy was not a driver. number two, you could say it dominated the news appropriately for two or three days. the romney campaign had a hard time punching through that. that may be one tactical thing. the thing -- the notion that somehow governor christie was getting criticism. this is what leaders do. any governor, democratic or republican, and any president, democrat or republican, who would have -- would not have done the same thing ought not to hold office. people need help, that is what we do with the country. it says something about our political situation that a democratic president and republican governor been civil to each other and figuring out how to work together is news. it is a remarkable thing. [applause] but i think that there is a lot -- is a valid question. i'm not trying to say the question is not valid. you did see some in the republican party in th
pre-sandy or post-sandy. there was a set of voters who were yet to make the decision, and they allocated the way we thought they were going to. sandy was not a driver. number two, you could say it dominated the news appropriately for two or three days. the romney campaign had a hard time punching through that. that may be one tactical thing. the thing -- the notion that somehow governor christie was getting criticism. this is what leaders do. any governor, democratic or republican, and any...
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Nov 29, 2012
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. >>> and in new jersey, superstorm sandy caused nearly $37 billion in damage, of that 7.4 billion reflects the cost of future disasters according to governor chris christie who says 4,300 homes were damaged. >>> a boat has washed up on the coast of japan. this is a truly bizarre incident. but a local police chief tells us that the small wooden boat had feint characters on the side that they think are korean. >>> the rebels from the republic of the congo will withdraw as a condition to -- hillary clinton weighed in on the conflict today calling on all african leaders to stand in support of the rebels. >>> it has been 482 days since the u.s. lost it's favored credit rating. they say the economy's actually expanding, but they're still really worried about, you know, the fiscal cliff. >>> and now our fourth story "outfront" for the second day in a row, susan rice met with republican senators, some of whom obviously have harshly criticized her for her handling of the attack in benghazi. the moderate susan collins spoke to us. >> i continue to be troubled by the fact that the u.n. ambassador dec
. >>> and in new jersey, superstorm sandy caused nearly $37 billion in damage, of that 7.4 billion reflects the cost of future disasters according to governor chris christie who says 4,300 homes were damaged. >>> a boat has washed up on the coast of japan. this is a truly bizarre incident. but a local police chief tells us that the small wooden boat had feint characters on the side that they think are korean. >>> the rebels from the republic of the congo will withdraw...
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look at chris christie, also being a champion in the wake of hurricane sandy. people don't want just knee jerk no government. they want a government that really does work. >> and a "washington post" poll showing 60% of americans support what is now in fact the tom cole barack obama position. raising incomes on over $250,000 in income. when you look at these polls the republicans are reading, when you look at the totality the way this is coming in, the point "the wall street journal" editorial board and tom cole was trying to drive in today, the rates are going up. now, what are our options? and he's saying our best option is actually what the president has laid out. >> that's right and so, john boehner has asked himself, how do we get to that place and i think you were right earlier, that he's allowing cole to go out there and everyone knows cole is a good friend. everyone knows if they come to some type of deal, it's going to require some republicans and a ton of democrats, but it's going to require a significant number of of republicans. not four or five. it
look at chris christie, also being a champion in the wake of hurricane sandy. people don't want just knee jerk no government. they want a government that really does work. >> and a "washington post" poll showing 60% of americans support what is now in fact the tom cole barack obama position. raising incomes on over $250,000 in income. when you look at these polls the republicans are reading, when you look at the totality the way this is coming in, the point "the wall street...
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Nov 29, 2012
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. >>> and in new jersey, superstorm sandy caused nearly $37 billion in damage, of that 7.4 billion reflects the cost of future disasters according to governor chris christie who says 4,300 homes were damaged. >>> a boat has washed up on the coast of japan. some bodies were so decayed that all that was left were skeletons. few details of the origin of the ship. this is a truly bizarre incid t incident. but a local police chief tells us that the small wooden boat had feint characters on the side that they think are korean. authorities think the people on board could have been north korean fishermen or defect fors who met a tragic end. >>> the rebels from the republic of the congo will withdraw as a condition to -- hillary clinton weighed in on the conflict today calling on all african leaders to stand in support of the rebels. hillary clinton has called on leaders of neighboring states to stop all support of the rebels. >>> it has been 482 days since the u.s. lost it's favored credit rating. they say the economy's actually expanding, but they're still really worried about, you know, the fisca
. >>> and in new jersey, superstorm sandy caused nearly $37 billion in damage, of that 7.4 billion reflects the cost of future disasters according to governor chris christie who says 4,300 homes were damaged. >>> a boat has washed up on the coast of japan. some bodies were so decayed that all that was left were skeletons. few details of the origin of the ship. this is a truly bizarre incid t incident. but a local police chief tells us that the small wooden boat had feint...
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. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your opinion on plcn, polycom? >> we don't want to be in anything i regard as video and voice because you'll be competing against the giant that is cisco! >> glen in illinois, please. again? >> caller: i'd like to thank you on your excellent insight into jobs in general. >> my stock has been up at past eight trading days and i was wondering if this was any case the stocks were to pop. cldx is the prop. don't know why it's up. got to come back. sorry. could be a could good expectation. >> all my florida calls are so -- what do you got? you got this guy mr. social meaning he knows how to use social media better than anyone i've ever seen. >> stephanie lake, we were talking, i said this is right now one of my absolute favorite stocks between now and when this deal closes, underrated, so smart, it will do 14, what he has done for coffee! let's go to john in colorado. >> hi, jim. i'd like to gi
. >> billy joel was quite a hero in the concert for sandy. he looked great and he sounded great. >> if i don't like billy joel, i'm done. >> caller: what's your opinion on plcn, polycom? >> we don't want to be in anything i regard as video and voice because you'll be competing against the giant that is cisco! >> glen in illinois, please. again? >> caller: i'd like to thank you on your excellent insight into jobs in general. >> my stock has been up at...
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it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says the market continued to improve across most districts. selling prices were steady or rising. on employment, over half the districts reported improvements. but in manufacturing, 7 of the 12 districts reported that activity slowed or declined somewhat compared to the previous report. >>> on the tokyo foreign exchange, the dollar is gaining ground against the yen this morning. dollar/yen is fetching 82.04-08 at the moment. analysts say concerns over the u.s. economic outlook eased slightly after u.s. president barack obama and a top republican in congress hinted they were optimistic about a deal over the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging highe
it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says the market continued to improve across most districts. selling prices were steady or rising. on employment, over half the districts reported improvements. but in manufacturing, 7...
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recently exposed in the storm, sandy, where we lost one of our substations because we didn't make the investment. we as a nation, as a region didn't make the investment to make sure that the water did not come into that substation and in the ability for us to have a level of service into penn station in new york city, because those gates were so old. it was scheduled to get done as a part of the program and it is now scheduled to be done as part of the gateway program which is a discussion that this body needs to have for the future about how do we make those investments in infrastructure? i am hearing that today in many areas. so, really a subsidize cost is really about the long-distance trains where the business model doesn't work the same as the level of service along the northeast corridor and the need to connect that service. but we have to be careful coming into reorganizing amtrak. we had to find out whether it was the gao report or whether it was the ig report. we followed the ig structure in terms of developing a strategic plan. there's no question about that and i think that
recently exposed in the storm, sandy, where we lost one of our substations because we didn't make the investment. we as a nation, as a region didn't make the investment to make sure that the water did not come into that substation and in the ability for us to have a level of service into penn station in new york city, because those gates were so old. it was scheduled to get done as a part of the program and it is now scheduled to be done as part of the gateway program which is a discussion that...
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the exception being the northeast in the wake of super storm sandy. the fox business network peter barnes with the news from the when you say tonight. what else do not feds see in the economy, peter. empleghts overall the feds saw the economy growing at a measured pace in recent weeks but it said that some business context said that they were worried about uncertainty over the battle of the fiscal cliff in washington. that concern might be showing up in the manufacturing sector. the feds said that in some places around the country, manufacturing was slowing down and actually contracting outright. but it said that hiring was up modestly most places and with the holidays coming up. it said that the outlook for retail sales was mostly upbeat. shep? >> shepard: what's with the sirens? is the place on fire? >> no. there is escort going out here from the white house. >> you don't have much clout there. >> the vice president apparently is leaving. >> shepard: he might as well. what will the fed do with today's report? it has a meeting in a couple of weeks, y
the exception being the northeast in the wake of super storm sandy. the fox business network peter barnes with the news from the when you say tonight. what else do not feds see in the economy, peter. empleghts overall the feds saw the economy growing at a measured pace in recent weeks but it said that some business context said that they were worried about uncertainty over the battle of the fiscal cliff in washington. that concern might be showing up in the manufacturing sector. the feds said...
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some people were saying maybe they're a little softer because of sandy. at the same time, we have september revised lower, should we be a little bit concerned that there's a touch of a slowdown in this recovery within the context of recovery. >> you get any stack of numbers from anyone they differ between another stack of number. you can assess it, analyze it to death and read into it what you want. you can say sandy's at fault here, not at fault, i'm telling you, the housing market is stronger than people think it is. the price appreciation you're going to see over the next few years unless i don't know a thing about real estate. i made my living my whole life and i'm usually right, it's going to go much higher than people anticipate. if you look at the latest zillow report, 12 out of 12 months appreciation, if that's not a trend, that should put all the naysayers to bed, what? it's a great time to buy and a terrible time to sell. unless you're going to wait awe few months then you're going to get more for it tomorrow. >> barbara, always good to see you.
some people were saying maybe they're a little softer because of sandy. at the same time, we have september revised lower, should we be a little bit concerned that there's a touch of a slowdown in this recovery within the context of recovery. >> you get any stack of numbers from anyone they differ between another stack of number. you can assess it, analyze it to death and read into it what you want. you can say sandy's at fault here, not at fault, i'm telling you, the housing market is...
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he says they're going to talk about hurricane sandy, the fiscal cliff, some national security issues. but to your question, we already know that secretary of state clinton plans to depart treasury secretary geithner and even defense secretary leon panetta has made it clear he would like to leave within the year. the current white house chief of staff still considered the odds on favorite to get the nod to become the next treasury secretary from the president. it's believed he has the greatest chance here it's believed of getting senate confirmation. that leaves open the job of white house chief of staff. and i'm hearing that among the names that are being considered for that role are ron clay, the man once biden's chief of staff and did himself i'm told a great service in president obama's debate prep despite that bad first debate the president takes responsibility for it, does not blame mr. clain. and another name i've heard floated is dennis mcdunna. earned the great respect and admiration of the president. a young man not often considered in that light but the president admires him
he says they're going to talk about hurricane sandy, the fiscal cliff, some national security issues. but to your question, we already know that secretary of state clinton plans to depart treasury secretary geithner and even defense secretary leon panetta has made it clear he would like to leave within the year. the current white house chief of staff still considered the odds on favorite to get the nod to become the next treasury secretary from the president. it's believed he has the greatest...